Amec’s next Technical Commission meeting was rescheduled for February 26^th, 2014, at 5:30 pm, to be held at Anbima headquarters in São Paulo and Rio de Janeiro.

To confirm their presence, members must visit Amec’s website (www.amecbrasil.org.br) and, in the homepage, click on the meeting in which they intend to participate, fill in the data and send the form directly from the website.

In a landmark decision, CVM’s (the Brazilian Securities and Exchange Commission) Superintendência de Empresas - SEP (Office of the Superintendent of Companies) has included, in its Official Letter 01, a series of recommendations that will strongly impact on the next season of Shareholders’ Meetings in the country.

The regulatory agency clearly and objectively states that companies are to publish, by means of Notices to Shareholders, eventual independent candidacies filed by non-controlling shareholders to the corporate bodies of publicly-held companies – primarily their Board of Directors and Conselhos Fiscais.

In February, Amec sent a letter to CVM’s Superintendência de Desenvolvimento de Mercado - SDM (Office of the Superintendent of Market Development) calling the body’s attention to the serious problems resulting from the growing issue of “creative” securities in the capital market.

Although this financial innovation opens new possibilities for companies and investors, the issue of unusual securities brings negative consequences for institutional investors subject to specific regulatory restrictions. Many times, a significant number of investors are banned from purchasing these securities and have to waive from their subscription rights.

Dasa’s Board of Directors has met the expectations of Amec’s Technical Commission by announcing that the company can eventually call an Extraordinary Stockholders’ General Meeting to suspend the voting rights of its shareholder Mr. Edson Bueno in the event he manages to purchase more than 15% of the capital involved in the transaction and does not carry out a second offer for the shares.

On January 31^st, the Brazilian Securities and Exchange Commission answered an Amec’s inquiry submitted in December, 2010. By means of a certified mail, the association requested CVM to provide its opinion on the legality of some provisions in the by laws of publicly-held companies, including companies listed under Bovespa’s “Novo Mercado” category.

The Brazilian Securities and Exchange Commission submitted the instruction draft that changes ICVM Nº 409, as of August 18^th, 2004, to public hearing with the objective of “enhancing the regulatory environment so that smaller companies can have access to the capital market and be able to finance themselves by means of public issues of shares.”

BM&FBOVESPA S.A. and Azul are the two first companies to sign the Term of Intention to Adhere to the Self-regulation Code of the Brazilian Takeover Panel (Comitê de Aquisições e Fusões - CAF).

The announcement was made on January 21^st, during a ceremony held at Anbima headquarters, and counted on the presence of Mr. Nelson Eizirik, President of CAF; Mr. João Nogueira Batista, Executive Director of CAF; Mr. Edemir Pinto, President of BM&FBOVESPA; Mr. David Neeleman, CEO of Azul; in addition to the CEOs of CAF supporting entities: Mr. Mauro Rodrigues da Cunha, from the Association of Capital Market Investors (AMEC); Ms. Denise Pavarina, from the Association of Entities of the Financial and Capital Markets (ANBIMA) and Ms. Sandra Guerra, from the Brazilian Institute of Corporate Governance (IBGC).

The Association of Capital Market Investors will support and participate in the assessment panel of the 16^th Abrasca Award – Best 1023 Annual Report. For that, the entity must recommend three representatives by February 24^th.

Amec’s members interested in participating in the assessment panel must send an email with their name, name of the company that is Amec’s member, phone number and email address to daniela.zolko@amecbrasil.org.br.

The Brazilian Institute of Corporate Governance (IBGC) has submitted the draft of the “Introduction to Good Governance Practices for Close Corporations” book to public hearing. Click here to access the document, which is a preliminary version that will be further reviewed. Suggestions must be sent by March 7^th, 2014, to comissoes@ibgc.org.br.